Cerner (CERN) sees Significant Insider Selling Continuing

Monday, November 20, 2017 10:15 PM ET

Cerner (CERN) sees Significant Insider Selling Continuing

A SEC filing today indicated a substantial insider sale of Cerner shares as — Clifford W Illig, Director and Officer — disposed of 530,000 shares in the company having a market value of approximately $34,734,642. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 103,470 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 633,470 shares and have averaged 211,157 shares per transaction over this time period.

The number of insider buy/sell trades at Cerner is higher than the 91 peer company average over the last 90-day period. The Advanced Medical Equipment & Technology peer group saw 99 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Cerner insiders was also higher. Within the peer group there were 1,445,214 shares purchased and 537,962 shares sold with company insiders purchasing 20,161 shares on average.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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